Mgmt404 week 3 - Study guides, Class notes & Summaries

1. Question:Strategicanalysisisanimportantfirststepinsettingstrategicdirection. 2. Question:Theprojectmanageristhepersonassignedbytheperformingorganizationtoleadtheteamthatisresponsibleforachievingtheprojectobjectives. 3. Question:Whichofthefollowingstatementsconcerningstrategicanalysisistrue? 4. Question:Inreality,manyprojectsarefullysuccessfulinsomeways,butlesssuccessfulinothers. 5. Question:A deliverable is a unique and verifiable product, result or capability to perform a servicethatisre...

1. Question: Which of the following statements best describes thecontemporaryuseoffinancialmodelsandscoringmodelsforprojectselection? 2. Question: Withintheprojectcharter,thescopeoverviewaccomplishesallofthefollowingEXCEPT: 3. Question: A project charter can vary in its length from one-page tomultiplepages,dependingonthesizeandcomplexityofthe project: 4. Question: Inanadaptiveorchange-drivenprojectlifecycle: 5. Question: Whichofthefollowingstatementscorrectlydescribesprojectmanagement? 6. Q...

PROJECTSCOPEistheoverallortotalworktobe performedin ordertomeetthe client's requirements or expectations of the project. This includes work involved in creating theproducts oftheproject,and theprocessesusedtocreatethem .........continue..........

MGMT404 Week 1: Project Prioritization Video Assignment ProjectSelectionMethods [Videodescriptionbegins]Topictitle:ProjectSelectionMethods.ThepresenterisBarbWaters.ProjectsLeadtoBenefits.[Videodescriptionends] [Videodescriptionbegins]Step1:WhoBenefits?[Videodescriptionends] [Videodescriptionbegins]Step2:IdentifyExpectedBenefits.[Videodescriptionends] [Videodescription begins]Step 3: ValueTangibleBenefits.[Videodescriptionends] [Videodescriptionbegins]Theprojectselectionmethodsarema...

1. Question: The overall project is considered to be the first level of the WBS. All of the following methods can be used to organize the second level of the WBS EXCEPT: 2. Question: If a problem occurs during project execution, the WBS is helpful in understanding exactly where and why the problem occurred. 3. Question: A _______ is the approved project plan mainly consisting of scope, schedule, and cost that is not normally altered unless a formal change control request is approved for modify...

1. Question: How do you set the start date of the project? 2. Question: How are non-working hours denoted on the project calendar? 3. Question: What do calendar dates in bold denote? 4. Question: How is the timescale modified? 5. Question: How many tiers of information are available in the timescale?

MGMT404 Week 3 Creating the WBS in Microsoft Project

1. Question:AWorkBreakdownStructuremustbedecomposedatleastfourlevelsinordertobeeffective. 2. Question:The Work Breakdown Structure (WBS) is normally developed by listing deliverables - majordeliverables first and then progressively smaller ones until the team feels that every deliverablehasbeenidentified. 3. Question:Onagileprojects,thescopedefinitionbeginswith: 4. Question:A key process topic that should be part of early discussions regarding ground rules isappropriatedecisionmakingandproble...

MGMT404 Week 1: Project Prioritization Video Assignment ProjectSelectionMethods [Videodescriptionbegins]Topictitle:ProjectSelectionMethods.ThepresenterisBarbWaters.ProjectsLeadtoBenefits.[Videodescriptionends] [Videodescriptionbegins]Step1:WhoBenefits?[Videodescriptionends] [Videodescriptionbegins]Step2:IdentifyExpectedBenefits.[Videodescriptionends] [Videodescription begins]Step 3: ValueTangibleBenefits.[Videodescriptionends] [Videodescriptionbegins]Theprojectselectionmethodsarema...

AssignmentInstructions Watch a video recording on the Project Scope Statement( The assignment has a value of 20 points toward your final grade. Each question is worth 10 pointsand it will be auto-graded. It is recommended to watch the video a couple of times before starting the assignment. Thisweek’stopicisontheprojectscope.Creatingandmanagingtheprojectscopeisoneofthecriticalresponsibilities of the project manager. The project scope defines the boundaries of the project, theestimated time, ...